Indowind Energy IPO
Indowind Energy IPO — date, price band, lot size & details 2007
Indowind Energy listed on 14 Sep 2007 at ₹75, 15.4% above the ₹65 issue price.
Indowind Energy is a Chennai based wind power company that owned 16.825 MW of wind farms and ran operations and maintenance for others. Its total income was Rs 27.57 crore in the year to June 2007.
Stock price
Indowind Energy is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 21 Aug 2007
- Close 24 Aug 2007
- Allotment TBA
- Refund/credit TBA
- Listing 14 Sep 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 24 Aug, 2007 |
|---|---|
| Price Band | ₹55 – ₹65 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹73.35 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,500 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹65 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹6,500 |
| Retail (max) | 30 | 3,000 | ₹1,95,000 |
| S-HNI (min) | 31 | 3,100 | ₹2,01,500 |
| S-HNI (max) | 153 | 15,300 | ₹9,94,500 |
| B-HNI (min) | 154 | 15,400 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It owned 16.825 MW of wind farms and maintained 17.915 MW for others.
- 02Profit after tax rose from Rs 4.14 crore in the year to June 2005 to Rs 6.58 crore in the year to June 2007.
- 03Net worth rose from Rs 37.94 crore to Rs 59.57 crore over the same period.
- 04Wind power is green power with long lived assets; Rs 86.78 crore was set aside for plant and machinery.
Risks · 5
- 01Total income grew slowly, from Rs 26.03 crore in the year to June 2006 to Rs 27.57 crore in the year to June 2007.
- 02Project income of Rs 16.40 crore made up most of its income in the year to June 2007, and such windmill projects do not repeat every year.
- 03Power income was only Rs 7.72 crore in the year to June 2007, and output depends on the wind and on state electricity boards paying on time.
- 04Return on net worth was only 11.04%.
- 05Promoter and promoter group holding fell from 60.71% before the issue to 45.19% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Indowind Energy offer document.
| Metric | 30 Jun 2007 | 30 Jun 2006 | 30 Jun 2005 |
|---|---|---|---|
| Total Income | 27.57 | 26.03 | 19.83 |
| Profit After Tax | 6.58 | 5.51 | 4.14 |
| NET Worth | 59.57 | 53.08 | 37.94 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Indowind Energy RHP.
Where the money goes
₹97.53 Cr of the issue is earmarked to named objects.
About the company
It installed its first 225 KW wind electric generator in September 1995 and grew its wind farms each year to 16.825 MW of its own, and ran operations and maintenance for 17.915 MW owned by others.
It sold green power to TNEB and to corporate customers in Karnataka, and also did turnkey windmill projects. It was setting up another 9 MW in Karnataka.
The IPO was Rs 73.35 crore and was entirely a fresh issue at Rs 65, the top of the Rs 55 to Rs 65 band. Most of the money was for plant and machinery for new wind capacity.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Indowind Energy IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Indowind Energy?
The current Grey Market Premium is ₹0.
What is the Indowind Energy IPO price band?
₹55 to ₹65, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 14 September 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
